Durable Capital fund sells Andersen Group shares
Durable Capital Master Fund LP, an entity associated with Durable Capital Partners LP, reported an open-market sale of 336,736 shares of Andersen Group Inc. Class A common stock at $40.01 per share.
Rhea-AI Filing Summary
Durable Capital Master Fund LP, an entity associated with Durable Capital Partners LP, reported an open-market sale of 336,736 shares of Andersen Group Inc. Class A common stock at $40.01 per share. After this transaction, the fund continues to hold 1,333,749 shares indirectly. The filing notes that Durable Capital Partners LP, as investment adviser, has sole voting and investment power over these securities, and related parties disclaim beneficial ownership except for any pecuniary interest.
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Insights
Large shareholder executes open-market sale but keeps sizable stake.
A fund advised by Durable Capital Partners LP executed an open-market sale of 336,736 Andersen Group Class A shares at $40.01. The transaction is reported as an indirect holding, with Durable Capital exercising sole voting and investment power.
Following the sale, the fund still holds 1,333,749 shares, indicating it remains a significant shareholder. The filing also states that the fund, adviser, general partner and key individual disclaim beneficial ownership beyond any pecuniary interest, underscoring that the position is managed institutionally rather than personally.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 336,736 | $40.01 | $13.47M |
Footnotes (1)
- F1. The securities are held directly by Durable Capital Master Fund LP ("Durable Capital Master Fund"). Durable Capital Partners LP ("Durable Capital") acts as the investment adviser to Durable Capital Master Fund and has sole voting power and sole investment power over the securities reported on this Form 4. Durable Capital Partners GP LLC ("Durable GP") is the general partner of Durable Capital, and Henry Ellenbogen is the chief investment officer of Durable Capital and the managing member of Durable GP. Each of Durable Capital Master Fund, Durable Capital, Durable GP and Mr. Ellenbogen disclaim beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein.
Key Figures
Key Terms
open-market sale financial
ten percent owner regulatory
indirect ownership financial
investment adviser financial
pecuniary interest financial
FAQ
What did Durable Capital report in this Andersen Group (ANDG) Form 4?
Was the Andersen Group (ANDG) transaction a buy or sell for Durable Capital?
AI-generated analysis. How Rhea-AI works. Not financial advice.